Press release
Automotive Shock Absorber Market Forecast to Reach USD 18.47 Billion by 2030
Automotive Shock Absorber Market
The global automotive shock absorber market is on a robust growth trajectory, with projections indicating a rise from USD 11.35 billion in 2023 to USD 18.47 billion by 2030, marking a compound annual growth rate (CAGR) of 7.2% during this period.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Shock absorbers are integral to vehicle suspension systems, enhancing ride comfort and safety by absorbing and dampening road-induced shocks and vibrations. The increasing demand for vehicles, coupled with advancements in suspension technologies, is propelling market growth. Additionally, the rise in electric vehicle adoption and the emphasis on vehicle safety standards are contributing to the expanding market landscape.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐ญ๐๐ค๐ ๐ ๐ฌ๐ง๐๐๐ค ๐ฉ๐๐๐ค? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐๐ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐: https://www.maximizemarketresearch.com/request-sample/55709/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐ ๐จ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐:
Vietnam's burgeoning automotive industry presents significant opportunities for shock absorber manufacturers. The government's supportive policies and increasing foreign investments are fostering industry growth. While specific recent mergers and acquisitions in Vietnam's shock absorber sector are limited, the overall positive investment climate indicates potential future consolidations.
๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐ ๐จ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐ :
Thailand, as a major automotive manufacturing hub in Southeast Asia, offers substantial growth prospects for the shock absorber market. The country's well-established automotive sector attracts global manufacturers seeking to expand their presence. Although direct mergers and acquisitions in the shock absorber segment are not prominent, the thriving automotive industry suggests potential for future market consolidation.
๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐ ๐จ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฑ๐๐๐๐:
Japan's automotive industry is characterized by continuous innovation and technological advancements. Companies like ๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ข๐ญ๐๐๐ก๐ข ๐๐ฌ๐ญ๐๐ฆ๐จ ๐๐ญ๐. are at the forefront of developing advanced shock absorber technologies. Recent collaborations and research initiatives in Japan focus on enhancing vehicle suspension systems to meet evolving consumer demands for comfort and safety.
๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐ ๐จ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐:
South Korea's automotive sector is marked by a focus on innovation and quality. Companies such as ๐๐๐ง๐๐จ ๐๐จ๐ซ๐ฉ. are actively involved in developing advanced shock absorber systems. The industry's emphasis on research and development, along with strategic partnerships, is driving growth in the shock absorber market.
๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐ ๐จ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐:
Singapore's strategic location and advanced infrastructure make it a pivotal player in the automotive supply chain in Southeast Asia. While the country does not have a significant automotive manufacturing base, it serves as a hub for distribution and innovation. Collaborations between global automotive companies and local firms in Singapore are facilitating the introduction of advanced shock absorber technologies in the region.
๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐ ๐จ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐:
The United States automotive shock absorber market is experiencing steady growth, driven by increasing demand for electronically controlled and adjustable shock absorbers. The market is projected to grow at a CAGR of 4.9% from 2024 to 2034, reaching approximately USD 4.31 billion by 2034.
๐จ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐ ๐จ๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐ฌ๐๐๐๐๐:
Europe's automotive industry is witnessing consolidation trends, with key players engaging in mergers and acquisitions to strengthen their market positions. Companies like ๐๐ ๐ ๐ซ๐ข๐๐๐ซ๐ข๐๐ก๐ฌ๐ก๐๐๐๐ง ๐๐ ๐๐ง๐ ๐๐๐ง๐ง๐๐๐จ ๐๐ง๐. are actively involved in strategic initiatives to expand their product portfolios and enhance technological capabilities. These developments are contributing to the growth and competitiveness of the automotive shock absorber market in Europe.
๐๐๐๐ซ-๐๐ง๐ ๐๐๐ฅ๐! ๐๐๐ญ ๐ฎ๐ฉ ๐ญ๐จ ๐๐% ๐จ๐๐ ๐จ๐ง ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ-๐ฅ๐ข๐ฆ๐ข๐ญ๐๐ ๐ญ๐ข๐ฆ๐ ๐จ๐ง๐ฅ๐ฒ: https://www.maximizemarketresearch.com/request-sample/55709/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐
Passenger Cars
LCVs
HCVs
Two Wheelers
Based on vehicle , the market is segmented into passenger cars , LCVs, HCVs , and two - wheelers . The Two Wheelers segment is expected to hold the largest share of the market by 2030. Manufacturers are expected to benefit from the focus on electric and hybrid cars . Automotive shock absorbers can be found from companies such as KYB Corporation , Tenneco Inc. , ZF Friedrichshafen AG , and Hitachi Automotive Systems for different vehicle types and designs . During the forecast period 2024-2030 , sales and production of two - wheelers are expected to have a direct impact on the demand for two - wheeler shock absorbers . Two - wheelers are adopting new technologies to reduce their weight and improve their longevity , which is a key factor in the development of lightweight shock absorbers .
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Hydraulic Type
Gas-filled Type
๐๐ฒ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
OEMs
Aftermarket
๐๐ฒ ๐๐๐ฌ๐ข๐ ๐ง
Twin Tube Design
Mono-Tube Design
Based on Design , the market is divided into Twin Tube Design and Mono- Tube Design . The Twin Tube Design and Mono - Tube Design segments are expected to witness rapid growth at CAGR during the upcoming period 2024-2030 . In shock absorbers , twin tube and mono tube designs are often used . Twin - tube shocks consist of two cylinders with oil circulating between them to generate a rebound force . Monotube twin shocks have a single oil- filled cylinder that is separated from the other by a piston valve. Monotubes have a higher damping capacity and provide better ride quality than twintubes . However , since monotube shocks are more expensive , many manufacturers favor twin tube shocks .
๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ? ๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐ค๐๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/55709/
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐จ๐๐ค ๐๐๐ฌ๐จ๐ซ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐:
1. Brinn Inc.
2. BWI Group
3. Continental AG
4. Datsons Engineering Works Pvt. Ltd.
5. DMA Sales, Inc.
6. Duroshox
7. Endurance Technologies Limited
8. FCS Auto
9. Halla Holdings Corp.
10. Hitachi Automotive Systems, Ltd.
11. Kobe Suspensions
12. KYB
13. LEACREE Company
14. Magneti Marelli S.p.A.
15. QBAutomotive
16. Ride Control, LLC
17. Robert Bosch GmbH
18. Samavardhana Motherson Group
๐๐ญ๐๐ฒ ๐๐ก๐๐๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ฏ๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Global Ultrasonic Dental Scalers Market https://www.maximizemarketresearch.com/market-report/global-ultrasonic-dental-scalers-market/82873/
Global Ceramic Single Layer Capacitor Market https://www.maximizemarketresearch.com/market-report/global-ceramic-single-layer-capacitor-market/66900/
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South America UV LED Market https://www.maximizemarketresearch.com/market-report/south-america-uv-led-market/195631/
Global Tremor Proof Devices Market https://www.maximizemarketresearch.com/market-report/global-tremor-proof-devices-market/84520/
Tile Adhesives and Stone Adhesives Market https://www.maximizemarketresearch.com/market-report/tile-adhesives-and-stone-adhesives-market/158274/
Global Health Care Social Media Marketing Market https://www.maximizemarketresearch.com/market-report/global-health-care-social-media-marketing-market/99853/
BRICS Diabetes Drugs Market https://www.maximizemarketresearch.com/market-report/brics-diabetes-drugs-market/356/
Global Non-breathable Films Market https://www.maximizemarketresearch.com/market-report/global-non-breathable-films-market/44746/
Global IV Infusion Pump Accessories Market https://www.maximizemarketresearch.com/market-report/global-iv-infusion-pump-accessories-market/106886/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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